Calcium Products Inc., Ames, Iowa, plans to invest $17.1 million to build a new 70,000 square foot production facility and warehouse in Fort Dodge, Iowa, which will replace an existing facility. The existing plant, which is across the road from the new facility, is expected to be converted into a warehouse, according to the Fort Dodge Messenger.
The Iowa Economic Development Authority is providing tax benefits to the company via its High Quality Jobs program. These include a full refund of sales, service, and use taxes paid during the construction of the new facility, valued at $225,000 according to the Messenger, which also reported that the Webster County Board of Supervisors is allowing the company a ten-year annual appropriation rebate equal to 70 percent of the incremental tax produced by the new project.
The new plant is expected to create two new jobs, and the company will retain 11 existing positions.